| From the Macon (Ga.) Telegraph |
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| May 6, 1863 |
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| Macon & Brunswick Railroad |
| We understand, at a called
meeting of the Stockholders of the Macon & Brunswick Railroad
yesterday, the amendment to the Charter granting Banking privileges to
the Company was accepted and Col. J. H. R. Washington and Stephen
Collins, Esq., were elected directors. |
| We take occasion to call the
attention of people who are so anxiously seeking investments to the
stock of this Company. It is true, this stock is now rapidly
appreciating and is very little under par, but we are of opinion that
considered in connection with the undoubted security it offers and the
certainty of a profitable return on a par valuation at no distant day,
it is the best property now in market. Look at it a moment: On an
indebtedness of $800,000 in eight per cent. bonds and about $800,000
in capital stock, this Road shows thirty-seven miles in very
profitable operation -- one hundred miles graded -- and the entire
remainder of 175 miles line under the most responsible contractors who
take seventy cents in the dollar in stock -- its arrangements for iron
all complete (the funds provided) and to be consummated as soon as the
blockade is lifted, so that now nothing remains to put this road in
active paying operation in a few months after the war is over. In
addition to this the Company have liberal banking franchises similar
to those of the Central {(of Georgia)} Railroad,
which with the return of peace and the reopening of trade, will not
doubt be valuable. The road once open, nobody doubts its future. We
see no reason why it should not be as good stock as that of almost any
railroad in the State. Why, then, should it not be in active request? |
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